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January 17 2012
September 19 2011
August 21 2011
YouTube -- Mike Maloney: Debt Collapse - $20,000 Gold (FULL PRESENTATION)
'Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next decade... short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.' -- "Voodoo, hocus-pocus scheme."
'Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next decade... short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.' -- "Voodoo, hocus-pocus scheme."
July 24 2011
ClubOrlov -- Dead Souls
'...letting users die is bad for the economy: companies like Facebook, Twitter, Google, and numerous tech start-ups are judged based on the size of their user base. Some of them may not generate much in the way of revenue, but if they have millions of users then everyone assumes they must be worth something. ...the solution for the social networking tech start-ups, moving forward, is to leverage their dead users. This, after all, seems like a humane and caring thing to do: why let someone's online persona die with them? This is often a shock to the other users, who most likely have never even met the deceased person in real life, and don't particularly care whether he or she physically exists. ...generating entire blog posts that convincingly mimic those of a living user is an eminently surmountable technical challenge. But a much harder problem is to keep our dead user in the vanguard of exciting new social movements and fashions that sweep through the net with lightening speed.'March 28 2011
The Daily Bell -- Price Inflation Strikes South America, Too, IMF Warns
'Even little countries like Panama and Uruguay have banks springing up like palm trees on every corner. The Anglo-American banking establishment doesn't want you to know this, dear reader. Citizens of major Western countries are used to seeing lots of banks in their downtowns. They figure it's because these cities are "major financial centers." Nothing could be further from the truth. The WHOLE WORLD looks like that. It's a bubble. A bank bubble. The world right now is run by central banks and central banks simply will not let their distribution chains contract. Central banks don't need banks for currency distribution. They could just as easily provide currency directly to people's individual accounts. Of course central banks would never do such a thing! It would create "inflation" (price inflation is what they mean). People can't be trusted with "fresh" central bank money. Only banks can. The mercantilist Ponzi scheme needs an ever-increasing base of new demand.' -- I want my corners.March 18 2011
Wikipedia -- Agnotology
'Agnotology is the study of culturally-induced ignorance or doubt... Schiebinger: "Ignorance is often not merely the absence of knowledge but an outcome of cultural and political struggle."' -- Betancourt: "Agnotologic capitalism": The systemic production and maintenance of ignorance. The creation of systemic unknowns where any potential "fact" is always already countered by an alternative of apparently equal weight and value renders engagement with the conditions of reality – the very situations affective labor seeks to assuage – contentious and a source of confusion... Affective labor is the enabler for the creation of the bubbles that are characteristic of the digital capitalist economy. Where the reduction of alienation is a precondition for the elimination of dissent. Affective labor is part of a larger activity where the population is distracted by affective pursuits and fantasies of economic advancement.'March 12 2011
The Daily Bell -- Mid-East Conflict Not Exactly About Oil by Anthony Wile
'Here's what you won't hear discussed on CNN or FOX or in the pages of the NY Times, etc.: The US dollar, priced in oil, became necessary for ALL nations to maintain as a reserve currency. That is if they wanted to buy any oil—as dollars were what the Saudis and the rest of the OPEC members would accept. This created the effect of an ever-growing demand for dollars. And like any Ponzi scheme, you need an ever-expanding base of demand, or else it crumbles, which they all eventually do. So, under the guise of spreading their new religion, democracy, Western elites have brought various developing countries under the control of non-elected world government agencies. If it were just about the oil supply, why wouldn't the US open up their vast oil resources in the mid-west? The answer is because it isn't really about oil at all. It is about maintaining the global oil trade in the fraudulent US dollar so that the 20th century game of wealth redistribution and mind manipulation can continue.'March 02 2011
YouTube -- RT: Schiff: Madoff Better Than Bernake
'A Pentagon commissioned report looking into the financial collapse concluded a three-phased attack was planned by "outside forces", terrorists, or hostile nations, who covertly waged economic warfare against the US by using vulnerabilities in our financial system and is still in the process. Is this theory bogus or just something no one wants to talk about? Peter Schiff, President of Euro Pacific Capital weighs in.' -- "They could have bought one of my books on Amazon for $20 and that would have told them why they had a financial crisis."
'A Pentagon commissioned report looking into the financial collapse concluded a three-phased attack was planned by "outside forces", terrorists, or hostile nations, who covertly waged economic warfare against the US by using vulnerabilities in our financial system and is still in the process. Is this theory bogus or just something no one wants to talk about? Peter Schiff, President of Euro Pacific Capital weighs in.' -- "They could have bought one of my books on Amazon for $20 and that would have told them why they had a financial crisis."
February 23 2011
Business Insider -- Is Zynga The Most Profitable Company Ever?
'Zynga's made a $400 million profit on $850 million revenues in 2010, reports the WSJ. If that's true, that's an astounding 47% profit margin. 47%! And this after Zynga pays Facebook taxes in the form of advertising to acquire users and 30% of virtual goods sales. So the real question is: How does Zynga's virtual goods business work? The easiest way to understand it is to remember the the videogame arcades of the 1980s. Back then, arcade games made money by addicting people to simple games (like Pacman), introducing "friction" into these games (by making them harder after each level), and then charging small amounts of money to ease that friction (by allowing gamers to buy "lives.") That's what Zynga's social games do – charge people small amounts of money to reduce friction in games they are addicted to.'February 05 2011
The Daily Bell -- There Is No Business Like Bond Business by Dr. Antal Fekete
'The immediate cause of the depression is the destruction of capital. The ultimate cause is the monetary policy of open market operations. -- Another way of describing this scenario (assuming it is correct) is that in 1981 the Fed, unknown to the public, decided to recruit a corps of shills to prop up a moribund bond market. The shills hired by the casinos of Las Vegas bet big and win big at the gaming tables in full view of the gamblers who are unaware that they are being treated to a show. The sight of these big payoffs will then perk up the gambling spirit of a lethargic clientele. The shills recruited by the Fed are the bond speculators, and their remuneration is in the form of risk-free profits they are allowed to make (and keep). The scheme was a roaring success. Not only did it save the bond market from extinction; it also saved the dollar from ignominy, and was instrumental in making possible a whole string of bubbles, each bigger than the previous one.'November 12 2010
Rolling Stone -- Matt Taibbi: Courts Helping Banks Screw Over Homeowners
'Their stated mission isn't to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity. They certainly have no incentive to penetrate the profound criminal mysteries of the great American mortgage bubble of the 2000s, perhaps the most complex Ponzi scheme in human history — an epic mountain range of corporate fraud in which Wall Street megabanks conspired first to collect huge numbers of subprime mortgages, then to unload them on unsuspecting third parties like pensions, trade unions and insurance companies (and, ultimately, you and me, as taxpayers) in the guise of AAA-rated investments. Selling lead as gold, shit as Chanel No. 5, was the essence of the booming international fraud scheme that created most all of these now-failing home mortgages.' -- And all because a central bank was price-fixing interest rates to make politicians' promises look vaguely plausible. Symptoms vs Cause. The pointing finger is pointing at "government".November 11 2010
Channel 4 -- Britain's Trillion Pound Horror Story
'Film maker Martin Durkin explains the full extent of the financial mess we are in: an estimated £4.8 trillion of national debt and counting. It's so big that even if every home in the UK was sold it wouldn't raise enough cash to pay it off. Durkin argues that to put Britain back on track we need to radically rethink the role of the state, stop politicians spending money in our name and introduce, among other measures, flat taxes to make Britain's economy boom again. This polemical film presented by Martin Durkin, brings economic theory to life and makes it hit home. It includes interviews with academics, economic experts, entrepreneurs, no less than four ex-Chancellors of the Exchequer and the biggest stack of £50 notes you'll never see.' -- STARVE THE BEASTNovember 02 2010
The Onion -- Social Security Scam Robs Elderly By Convincing Them They Are Dead
'A new scam preys on the elderly by informing them they have died and instructing them to reroute their social security checks to the "Department of the Dead."'October 29 2010
The Automatic Earth presents: Stoneleigh's A Century of Challenges
Pay-walled. Recommended. -- When a pyramid scheme nears its inevitable end... "...the public insist on being handed the empty bag because they think they're going to make money, they want in on the game, everyone else has been making money, they feel left out so they insist on buying these things at the peak, and they are the ones who lose everything."
Tags:
* civilization plutocracy wealth money economics oil energy finance reflexivity markets herd consensusreality pyramid ponzi bubble greaterfool peakoil credit inflation realestate speculation debt hologram deflation biflation negativeequity crackupboom greatestdepression collapse systems resilience communities localisation retribalisation socialnetworking darknets NicoleFoss
August 28 2010
YouTube -- Freedomain Radio: Hey Old People!
'There is no money to pay for your retirement. Here's a way forward.' -- What have you bought into; how much will it cost to buy you out?
'There is no money to pay for your retirement. Here's a way forward.' -- What have you bought into; how much will it cost to buy you out?
August 17 2010
The Market Ticker ® -- Revoke Krugman's PhD (Social Security)
'That so-called "trust fund" is a fraud. It does not exist. Here's what actually happens (and Krugman knows this, which makes him a damned liar besides): #Your tax dollars go to Treasury. #Treasury keeps them and issues "special" Treasury bonds to the Social Security "trust fund." #Treasury counts these tax receipts against the federal deficit, making it look (much, until the last year) smaller than it really is. Note the slight-of-hand here. Social Security gets an alleged "bond" but they can't sell it to anyone but the Treasury. That is, legally it is an IOU, not a bond. The problem is that Treasury spent the money and thus doesn't have anything with which to redeem the IOUs! So in order to redeem these alleged "bonds" Treasury will have to sell more bonds - this time to the general public (foreign governments, people, etc) who have actual capital surplus, because Treasury doesn't - it blew that surplus on social spending programs right here and now.' -- Ponzi is as ponzi doesAugust 14 2010
The Daily Bell -- Krugman to the Fed: Do More!
'Paul Krugman is upset. :'-( ...like many Keynesians, Krugman is worried that lower prices will feed a credit crunch. He is worried that if money becomes worth MORE it will only aggravate people's over-leveraged positions. He is an inflationist, as are most people in a central banking economy, because people's buying decisions are usually based on an expectation of gradual inflation. ...what Krugman et. al are dealing with though they will not admit it is a generalized crack-up boom. The West's economies need a massive unwinding. The problem at this point is banking itself. Banking (and the financial industry generally) is the biggest bubble of all. Because the elite depends on the financial industry for monetary control, banks and other such institutions have been artificially cultivated and consolidated for 100 years. The amount of distortion, excess and waste in the Western financial system is beyond measure. It is like a metastized cancer that is poisoning the entire body politic.'August 03 2010
YouTube -- Freedomain Radio: Rome, Moscow and Washington
'The pathologies of late empires...' -- "There's a reason that you have to invent the government to make all this stuff work – you have to invent the government to make all this stuff work because people wouldn't buy it without the government! You have to invent God if you're a priest to tell people what to do because nobody's going to obey you, you're just some guy. You have to invent governments to justify theft because so very few people want to steal directly. The important question to ask is, what's going to happen when this ponzi scheme called government stops 'working'?" [Are people going to be able to admit that] what has failed is coercion, is government, is using violence to achieve your ends? The price we pay for fantasy is destruction. And we will continue to pay that price until we understand the mechanics of what governments do, which is rape and pillage the average person for the profit of the elite."
'The pathologies of late empires...' -- "There's a reason that you have to invent the government to make all this stuff work – you have to invent the government to make all this stuff work because people wouldn't buy it without the government! You have to invent God if you're a priest to tell people what to do because nobody's going to obey you, you're just some guy. You have to invent governments to justify theft because so very few people want to steal directly. The important question to ask is, what's going to happen when this ponzi scheme called government stops 'working'?" [Are people going to be able to admit that] what has failed is coercion, is government, is using violence to achieve your ends? The price we pay for fantasy is destruction. And we will continue to pay that price until we understand the mechanics of what governments do, which is rape and pillage the average person for the profit of the elite."
June 12 2010
COLLAPSENET -- ZOMBIE-FREE ZONE
'Zombies are living dead. When faced with shortages of anything, zombies frequently revert to cannibalism by eating the lives of other humans to satisfy their insatiable hunger and arrogant and belligerent stupidity. Zombies cannot hear and do not listen to simple scientific laws or do simple arithmetic. Zombies are known for their ability to ask extremely stupid questions and to try and engage in futile arguments with the living, thus paralyzing or retarding useful debate and discussion. Zombies are closely related to vampires in that they exist to suck life and energy out of anything that has life and energy. The zombie paradigm is one of infinite growth in that zombies always need to create more zombies. Zombies can revert back to living status but this usually happens only when zombies are faced with imminent death. Collapsenet will always welcome former-zombies who have become human again. Current zombies are not welcome here.'May 24 2010
CynicusEconomicus -- The Origins and Development of the Economic Crisis
'In the period since the financial crisis, there has been no action to address or recognise the problem. Instead, the reaction has been a host of measures to try to restore a situation that was, of itself, a delusion. Front and centre were the bank bailouts. The process was not only one in which government money was poured into the banking system, but also a process of allowing the banks to hide their underlying insolvency. Governments have also borrowed to support the existing economic structure, which is an attempt to maintain employment and activity, which is itself an attempt to support (for example) real estate prices, which in turn supports the value of bank assets, which in turn supports the viability of the financial system. It is all circular, with one element supporting the other, with overseas borrowing the foundation of the system. It is impossible to tease apart the circular relationships. Governments must keep on borrowing more and more, or the whole edifice falls apart.'
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